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This ETF offers a unique way of accessing the municipal bond market; XMPT invests in closed end funds that in turn invest in munis; an approach to this asset class that has both potential advantages and drawbacks. XMPT features impressive diversity of exposure, and also offers investors a way to gain access to some of the world’s most successful muni bond managers through a single ticker. Moreover, because the methodology is designed to overweight CEFs trading at a discount to their NAV, this product may be able to deliver attractive current returns. XMPT will be most appealing to investors in a higher tax bracket given the nature of the underlying holdings. This ETF can be used in a number of different ways; it could have appeal as a tactical tool for establishing short term exposure to this segment of the bond market, and could also be useful as a longer-term core fixed income holding.
Investors should note that some of the underlying CEFs employ leverage, which can lead to both enhanced returns and higher volatility. The primary drawback of XMPT is the hefty expense ratio. Although the management fee charged by Van Eck is reasonable, the fund-of-fund structure creates another layer of fees that are effectively borne by investors in this product. There are several options in the National Munis ETFdb Category that are considerably cheaper, including the ultra-popular MUB. That ETFdb Category also features a number of options for fine-tuning muni bond exposure, whether it be by maturity or credit quality.
| Segment | Fixed Income: U.S. - Government, Local Authority/Municipal Investment Grade |
| Category | Government, Local Authority/Municipal |
| Focus | Investment Grade |
| Niche | Broad Maturities |
| Strategy | Multi-factor |
| Weighting Scheme | Multi-Factor |
This section compares how balanced and deep this ETF is relative to its peers.
| XMPT | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Number of Holdings | 59 | 1223 | 1130 |
| % of Assets in Top 10 | 47.85% | 36.32% | 32.07% |
| % of Assets in Top 15 | 58.09% | 41.14% | 36.51% |
| % of Assets in Top 50 | 96.09% | 59.41% | 51.96% |
| XMPT | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Large (>12.9B) | N/A | 0.00% | N/A |
| Mid (>2.7B) | N/A | 0.03% | N/A |
| Small (>600M) | N/A | 0.46% | N/A |
| Micro (<600M) | N/A | 0.33% | N/A |
This section compares the P/E ratio of this ETF to its peers.
This section compares the dividend yield of this ETF to its peers.
| XMPT | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Dividend | $ 0.10 | $ 0.06 | $ 0.08 |
| Dividend Date | 2021-11-01 | N/A | N/A |
| Annual Dividend Rate | $ 1.21 | $ 0.81 | $ 0.89 |
| Annual Dividend Yield | 4.13% | 1.69% | 2.24% |
View charts featuring XMPT price and volume data.
View charts featuring ETF fund flow data.
5 Day Net Flows: -555.44 K 1 Month Net Flows: -8.56 M 3 Month Net Flows: -21.85 M 6 Month Net Flows: -16.55 M 1 Year Net Flows: 11.19 M 3 Year Net Flows: 40.58 M 5 Year Net Flows: 97.26 M 10 Year Net Flows: 184.21 MView charts that break down the influence that fund flows and price had on overall assets.
5 Day Net AUM Change: -1.65 MThe adjacent table gives investors an individual Realtime Rating for XMPT on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Total Bond Market with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.
This section compares the cost efficiency of this ETF to its peers.
| Max ST Capital Gains Rate | 39.60% |
| Max LT Capital Gains Rate | 20.00% |
| Tax On Distributions | Ordinary income |
| Distributes K1 | No |
XMPT does not have an ESG score. There are no ESG themes that map to this ETF.
This section shows how this ETF has performed relative to its peers.
| XMPT |
ETF Database
Category Average |
Factset Segment
Average |
|
|---|---|---|---|
| 1 Month Return | 0.65% | -1.48% | 0.20% |
| 3 Month Return | -10.11% | -4.33% | -5.47% |
| YTD Return | -22.84% | -8.80% | -11.88% |
| 1 Year Return | -21.82% | -6.88% | -10.73% |
| 3 Year Return | -5.22% | -1.02% | -1.82% |
| 5 Year Return | 2.38% | 1.64% | 2.07% |
The following charts reflect the geographic spread of XMPT's underlying holdings.
The following charts reflect the allocation of XMPT's underlying holdings.
| Asset | Percentage |
|---|---|
| Closed-ended Fund | 99.98% |
| Bond Sector | Percentage |
|---|
| Maturity | Percentage |
|---|---|
| Less Than 1 Year | 0.0% |
| 1-3 Years | 0.0% |
| 3-5 Years | 0.0% |
| 5-7 Years | 0.0% |
| 7-10 Years | 0.0% |
| 10-15 Years | 0.0% |
| 15-20 Years | 0.0% |
| 20-30 Years | 0.0% |
| 30+ Years | 0.0% |
| Asset | Percentage |
|---|---|
| Closed-ended Fund | 99.98% |
This section shows how the volatility of this ETF compares to the peer group ETF Database Category.
| 5 Day Volatility | 80.30% |
| 20 Day Volatility | 21.83% |
| 50 Day Volatility | 16.04% |
| 200 Day Volatility | 14.07% |
| Beta | 0.25 |
| Standard Deviation | 2.35% |
ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.
Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.
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